GARAGE GEERT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GARAGE GEERT
Largest movements
- Tangible fixed assets -€195,978
down €195,978 (-45.5%), from €430,404 to €234,426
of which Land and buildings: -€189,612
- Receivables within one year +€114,540
up €114,540 (+29.8%), from €384,641 to €499,182
of which Other amounts receivable: +€188,687
- Cash -€104,447
down €104,447 (-36.4%), from €286,758 to €182,312
mainly Other debts (-€327,082) and Short-term financial debts (-€130,000)
- Stocks and contracts -€91,198
down €91,198 (-11.4%), from €798,843 to €707,645
- Other debts -€327,082
down €327,082 (-95.5%), from €342,656 to €15,574
- Short-term financial debts -€130,000
down €130,000 (-54.2%), from €240,000 to €110,000
- Debts after one year +€74,605
up €74,605 (+24.1%), from €309,283 to €383,888
- Current portion of long-term debt +€35,524
up €35,524 (+124%), from €28,578 to €64,102
- Reserves +€32,130
up €32,130 (+6.9%), from €468,619 to €500,749
of which Distributable reserves: +€32,130
- Write-downs -€83,243
down €83,243 (-41.1%), from €202,585 to €119,342
- Other operating charges -€82,111
down €82,111 (-56.1%), from €146,304 to €64,193
- Gross operating margin -€67,453
down €67,453 (-13.9%), from €485,712 to €418,258
- Staff costs +€45,111
up €45,111 (+69.6%), from €64,775 to €109,886
- Taxes +€21,925
up €21,925 (+1,122%), from €1,954 to €23,879
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,957,851 | €1,681,199 | -€276,651 | -14.1% |
| Fixed assets | 21/28 | €474,697 | €277,764 | -€196,933 | -41.5% |
| Intangible fixed assets | 21 | €1,193 | €238 | -€955 | -80.0% |
| Tangible fixed assets | 22/27 | €430,404 | €234,426 | -€195,978 | -45.5% |
| Land and buildings | 22 | €382,234 | €192,622 | -€189,612 | -49.6% |
| Plant, machinery and equipment | 23 | €2,048 | €9,377 | +€7,328 | +358% |
| Furniture and vehicles | 24 | €31,831 | €20,945 | -€10,886 | -34.2% |
| Other tangible fixed assets | 26 | €14,291 | €11,483 | -€2,808 | -19.6% |
| Financial fixed assets | 28 | €43,100 | €43,100 | = | 0.0% |
| Current assets | 29/58 | €1,483,154 | €1,403,435 | -€79,718 | -5.4% |
| Amounts receivable after more than one year | 29 | €11,689 | €11,689 | = | 0.0% |
| Other amounts receivable | 291 | €11,689 | €11,689 | = | 0.0% |
| Stocks and contracts in progress | 3 | €798,843 | €707,645 | -€91,198 | -11.4% |
| Stocks | 30/36 | €798,843 | €707,645 | -€91,198 | -11.4% |
| Amounts receivable within one year | 40/41 | €384,641 | €499,182 | +€114,540 | +29.8% |
| Trade receivables | 40 | €270,182 | €196,036 | -€74,146 | -27.4% |
| Other amounts receivable | 41 | €114,459 | €303,146 | +€188,687 | +165% |
| Cash at bank and in hand | 54/58 | €286,758 | €182,312 | -€104,447 | -36.4% |
| Deferred charges and accrued income | 490/1 | €1,222 | €2,608 | +€1,386 | +113% |
| Total equity and liabilities | 10/49 | €1,957,851 | €1,681,199 | -€276,651 | -14.1% |
| Equity | 10/15 | €549,553 | €596,436 | +€46,883 | +8.5% |
| Contributions | 10/11 | €95,687 | €95,687 | = | 0.0% |
| Capital | 10 | €95,687 | €95,687 | = | 0.0% |
| Issued capital | 100 | €95,687 | €95,687 | = | 0.0% |
| Reserves | 13 | €468,619 | €500,749 | +€32,130 | +6.9% |
| Non-distributable reserves | 130/1 | €9,569 | €9,569 | = | 0.0% |
| Legal reserve | 130 | €9,569 | €9,569 | = | 0.0% |
| Distributable reserves | 133 | €459,050 | €491,180 | +€32,130 | +7.0% |
| Profit (loss) carried forward | 14 | -€14,752 | - | +€14,752 | |
| Amounts payable | 17/49 | €1,408,298 | €1,084,763 | -€323,534 | -23.0% |
| Amounts payable after more than one year | 17 | €309,283 | €383,888 | +€74,605 | +24.1% |
| Financial debts | 170/4 | €309,283 | €383,888 | +€74,605 | +24.1% |
| Amounts payable within one year | 42/48 | €1,051,504 | €643,273 | -€408,232 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €28,578 | €64,102 | +€35,524 | +124% |
| Financial debts | 43 | €240,000 | €110,000 | -€130,000 | -54.2% |
| Credit institutions | 430/8 | €240,000 | €110,000 | -€130,000 | -54.2% |
| Trade debts | 44 | €376,523 | €371,100 | -€5,424 | -1.4% |
| Suppliers | 440/4 | €376,523 | €371,100 | -€5,424 | -1.4% |
| Taxes, remuneration and social security | 45 | €63,747 | €82,497 | +€18,750 | +29.4% |
| Taxes | 450/3 | €36,405 | €49,812 | +€13,408 | +36.8% |
| Remuneration and social security | 454/9 | €27,343 | €32,684 | +€5,342 | +19.5% |
| Other amounts payable | 47/48 | €342,656 | €15,574 | -€327,082 | -95.5% |
| Accrued charges and deferred income | 492/3 | €47,510 | €57,603 | +€10,093 | +21.2% |
| Non-recurring operating income | 76A | - | €162,558 | +€162,558 | |
| Remuneration, social security and pensions | 62 | €64,775 | €109,886 | +€45,111 | +69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,080 | €22,437 | -€8,643 | -27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €202,585 | €119,342 | -€83,243 | -41.1% |
| Other operating charges | 640/8 | €146,304 | €64,193 | -€82,111 | -56.1% |
| Non-recurring operating charges | 66A | - | €277 | +€277 | |
| Gross operating margin | 9900 | €485,712 | €418,258 | -€67,453 | -13.9% |
| Operating profit (loss) | 9901 | €40,969 | €102,124 | +€61,156 | +149% |
| Financial income | 75/76B | €5,614 | €5,670 | +€56 | +1.0% |
| Recurring financial income | 75 | €5,614 | €5,670 | +€56 | +1.0% |
| Financial charges | 65/66B | €42,833 | €37,033 | -€5,801 | -13.5% |
| Recurring financial charges | 65 | €42,833 | €37,033 | -€5,801 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €3,749 | €70,761 | +€67,012 | +1,787% |
| Income taxes | 67/77 | €1,954 | €23,879 | +€21,925 | +1,122% |
| Profit (loss) for the period | 9904 | €1,795 | €46,883 | +€45,087 | +2,512% |
| Profit (loss) for the period to be appropriated | 9905 | €1,795 | €46,883 | +€45,087 | +2,512% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.